1. (1) The Housing and Community Services Department may effect loans, grants and other funding awards to accomplish department housing programs, subject to any requirement under this section for review and approval by the Oregon Housing Stability Council of proposals for loans, grants or other funding awards.

2. (2) The department shall submit a loan, grant or other funding award proposal arising under ORS 456.515 to 456.828 programs to the council for review if the proposal is for:

   1. (a) A housing loan on property that has a purchase price in excess of an applicable threshold property purchase price established by rule under ORS 456.555 (10); or
   2. (b) A housing grant or other housing funding award in excess of an applicable threshold amount established by rule under ORS 456.555 (11).
3. (3) The council shall review each loan, grant or other funding award proposal submitted by the department under this section and approve or disapprove the loan, grant or other funding award proposal.
4. (4) Council review of loan, grant or other funding award proposals under this section shall be held at a public hearing of the council. The council meeting notice required by ORS 192.640 shall include notice of the loan, grant or other funding award proposal review, the names of the applicants and the subject of the loan, grant or funding award proposal. The council shall provide notice of a loan, grant or other funding award proposal review to the loan, grant or other funding award applicant not less than five days before the review hearing.

Note: 456.561 was added to and made a part of 456.515 to 456.828 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.

Note: Sections 1 and 2, chapter 558, Oregon Laws 2025, provide:

Sec. 1. Contract for property management training for affordable housing. The Housing and Community Services Department shall contract with the Housing Development Center, Inc., for the purposes of:

(1) Improving occupancy rates, expediting move-ins, preventing evictions, reducing residential turnover and enhancing the well-being of residents in affordable housing projects by:

(a) Developing and delivering resources for training and capacity-building to improve property management operations and practices at affordable housing projects; and

(b) Making grants to nonprofit corporations, federally recognized Indian tribes in this state, local governments and housing authorities, in order to support property management staffing and operations at specific affordable housing projects that the recipient owns or operates or where the recipient provides property management services. The geographic distribution of grants made under this paragraph must be approximately in proportion to the geographic distribution of affordable housing properties.

(2) Providing asset management training to nonprofit corporations, federally recognized Indian tribes in this state, local governments and housing authorities that own or operate affordable housing projects. [2025 c.558 §1]

Sec. 2. Section 1 of this 2025 Act is repealed on June 30, 2027. [2025 c.558 §2]

[2005 c.74 §2; 2009 c.61 §2; 2015 c.180 §8; 2021 c.448 §6]